On 18 January 2022, the International Organization of Securities Commissions (IOSCO) issued a final report on lessons learned from the use of global supervisory colleges.

The report is based on previous IOSCO work on market fragmentation and provides a framework for securities regulators seeking to create new global supervisory colleges for sectors of financial markets where they are not currently used, which could strengthen cooperation between regulatory authorities and further assist regulators in addressing the adverse effects of market fragmentation. In particular, the final report sets out a series of good practices that could be considered for the creation and use of global supervisory colleges in securities markets.